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shall go to the ball. (If it s not cancelled.) Would-be exhibitors and attendees from countries outside the EU will be allowed to travel to Mobile World Congress in Barcelona this summer under the terms of a new deal agreed by the event s organizer, the GSMA, with the Spanish government. By classifying all event registrants as highly qualified workers, the deal circumvents the current general denial of entry to Spain for any national from a country outside the EU. The details of all registrants to MWC21 will be passed to the Spanish authorities to facilitate their entry into the country in June.
Thursday, 08 Apr 2021 02:35 PM MYT
BY SOO WERN JUN
A man walks past a Celcom store in Kuala Lumpur, January 7, 2016. Picture by Yusof Mat Isa
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KUALA LUMPUR, April 8 Axiata Group Bhd president and group chief executive officer Datuk Izzaddin Idris has today confirmed the merger intentions between Celcom Axiata Bhd, a unit of the group, and Digi.com Bhd.
He said under the new joint venture, the merged entities will be named Celcom Digi Bhd.
“There is a need to consolidate to allow more advanced and efficient operations,” Izzaddin said during a press conference conducted both physically and virtually here.
Axiata and
Telenor Asia have officially revealed that they are now in advanced talks to merge their telco operations,
Celcom and
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The merged company will be officially called
Celcom Digi Berhad but both Celcom and Digi will continue to be two different telco brands in the market. That being said, the current CEO of Celcom, Idham Nawawi has been nominated as the CEO for the newly merged company while Digi’s CEO, Albern Murty will become its Deputy CEO.
In terms of ownership, Axiata and Telenor will each hold 33.1% stakes which means that they will jointly control the new entity. The rest of the shares will be owned by other local institutional funds such as EPF, PNB, and KWAP as well as the public.
Malaysian telecom company Axiata Group and Norway’s Telenor are planning to merge their operations in the Southeast Asian country, according to releases by both companies on April 8. Plans are to merge Celcom Axiata and Digi.com into a new entity in which the firms would each own about 33.1%. Local ownership would exceed 51% with Malaysian institutional investors owning at least 17.9% of shares in Celcom Digi, Axiata said. “It is no secret that the telecommunications industry continues to face long-term structural headwinds of slower growth, increased operating costs and lower profits,” Axiata’s CEO Izzaddin Idris said in a statement..
Malaysian telecom company Axiata Group and Norway’s Telenor are planning to merge their operations in the Southeast Asian country, according to releases by both companies on April 8.
4 Min Read
KUALA LUMPUR (Reuters) -Malaysian telecoms company Axiata Group Bhd and Norway’s Telenor ASA are nearing a deal to combine their Malaysian mobile operations to create the country’s top player in the highly competitive sector.
A woman walks past the Axiata headquarters building in Kuala Lumpur, Malaysia, October 1, 2019. REUTERS/Lim Huey Teng/File Photo
The companies said on Thursday they were in advanced talks to merge Celcom Axiata Bhd and DiGi.Com Bhd, in which the parties would each own about 33.1%.
“It is no secret that the telecommunications industry continues to face long-term structural headwinds of slower growth, increased operating costs and lower profits,” Axiata’s CEO Izzaddin Idris said in a statement.